题目
Consider two companies that operate in the same line of business and have the same degree of operating leverage: the Basic Company and the Grundlegend Company. The Basic Company and the Grundlegend Company have, respectively, no debt and 50 percent debt in their capital structure. Which of the following statements is most accurate? Compared to the Basic Company, the Grundlegend Company has:
选项
A.a lower sensitivity of net income to changes in unit sales.
B.the same sensitivity of operating income to changes in unit sales.
C.the same sensitivity of net income to changes in operating income.
答案
B
解析
Answer: B Grundlegend’s degree of operating leverage is the same as Basic Company’s, whereas Grundlegend’s degree of total leverage and degree of financial leverage are higher. 这道题目问的是考虑两家在同一业务领域运营并且拥有相同经营杠杆的公司:Basic公司和Grundlegend公司。Basic公司和Grundlegend公司在他们的资本结构中分别没有债务和50%的债务。下列哪个陈述是最准确的?与Basic公司相比，Grundlegend公司有: Grundlegend的经营杠杆水平与Basic公司相同，而Grundlegend的总杠杆水平和财务杠杆水平更高。因此B选项正确。